The section provides a detailed description of the study (i.e. the metadata). Topics covered relate to the survey methodology, sampling methods, data collection, funding, dates of collection, geographical coverage and the access policy for the data from this study. Download the metadata in a number of formats from the Export metadata link.

Identification

Country

Nigeria

Title

Global Financial Inclusion (Global Findex) Database 2011

Series Information

The Global Financial Inclusion (Global Findex) Database is a project funded by the Bill & Melinda Gates Foundation to measure how people - including the poor, women, and rural residents -around the world save, borrow, make payments and manage risk.

The Global Findex indicators are drawn from survey data collected by Gallup, Inc. over the 2011 calendar year, covering around 150,000 adults in more than 140 economies and representing about 97 percent of the world's population. Since 2005, Gallup has surveyed adults annually around the world, using a uniform methodology and randomly selected, nationally representative samples. The second round of Global Findex indicators was collected in 2014 and is forthcoming in 2015. The set of indicators will be collected again in 2017.

ID Number

NGA_2011_FINDEX_v02_M

Overview

Abstract

Well-functioning financial systems serve a vital purpose, offering savings, credit, payment, and risk management products to people with a wide range of needs. Yet until now little had been known about the global reach of the financial sector - the extent of financial inclusion and the degree to which such groups as the poor, women, and youth are excluded from formal financial systems. Systematic indicators of the use of different financial services had been lacking for most economies.

The Global Financial Inclusion (Global Findex) database provides such indicators. This database contains the first round of Global Findex indicators, measuring how adults in more than 140 economies save, borrow, make payments, and manage risk. The data set can be used to track the effects of financial inclusion policies globally and develop a deeper and more nuanced understanding of how people around the world manage their day-to-day finances. By making it possible to identify segments of the population excluded from the formal financial sector, the data can help policy makers prioritize reforms and design new policies.

Kind of Data

Sample survey data [ssd]

Units of Analysis

Individual

Scope

Notes

The Global Findex database includes indicators measuring how adults in more than 140 economies save, borrow, make payments, and manage risk. More specifically, the database includes indicators on the use of formal accounts, the frequency of formal account use, mode of formal account use (ATM, bank, bank agent, etc.), purposes of formal account use (remittances, government payments, wage payments, etc.), self-reported reasons for not having a formal account, savings behavior, savings method (bank, informal savings club, etc)), sources of borrowing (bank, friends/family, informal lender, etc.), purposes of borrowing (home purchase, school fees, emergency/health, funerals/weddings), the use of mobile phones to make payments, and the purchase of health and agriculture insurance.

Coverage

Geographic Coverage

National Coverage.

Universe

The target population is the civilian, non-institutionalized population 15 years and above. The sample is nationally representative.

Producers and Sponsors

Primary Investigator(s)

Name

Affiliation

Development Research Group, Finance and Private Sector Development Unit

World Bank

Other Producer(s)

Name

Affiliation

Role

Gallup, Inc.

Carried out the survey in association with its annual Gallup World Poll.

Funding

Name

Abbreviation

Role

Development Research Group, World Bank

The Bill and Melinda Gates Foundation

Financial support

Metadata Production

Metadata Produced By

Name

Abbreviation

Affiliation

Role

World Bank

Date of Metadata Production

2012-11-12

DDI Document Version

Version 02 (April 2015) - DDI updated to include the modifications to the data. This updated version also includes modifications to the Series information, Abstract, Scope and Sampling procedure metadata fields to match the number of economies included in the database.